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Cobb County holds first of three public hearings on HB 581; residents urge board to opt out
Summary
At a Jan. 28 public hearing, county staff explained House Bill 581’s floating homestead exemption and possible local impacts; dozens of residents urged the Board of Commissioners to opt out, citing uncertainty about tax shifts, a potential extra sales-tax penny and effects on seniors and renters.
County officials held the first of three required public hearings on House Bill 581 on Jan. 28, laying out how the statewide floating homestead exemption would change how homesteaded property values are treated and what local officials must decide. Finance Director Bill Volkmann and Support Services Director-designate Steven White explained the county’s options and answered a lengthy question-and-answer session with the board and the public.
Volkmann said the measure “is, regarding the creation of a statewide homestead float” and described mechanics that would carry 2024 assessed values forward as a base and permit an annual inflationary…
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